Savings/investments/bonds Master Thread.

[HoKo]

Probably a silly question: When and how does interest get paid on I Series Bonds? I purchased $10k in April and don't see any interest in my account on TreasuryDirect. Am i missing something?

I was confused about the same thing at first. Go to the Current Holdings tab on Treasury Direct and you will see the accrued interest there

[good sam]

They hold the first 3 months. You should see it retroactively in August/Sept

Thanks!

[good sam]

I was confused about the same thing at first. Go to the Current Holdings tab on Treasury Direct and you will see the accrued interest there

I don't see it there either

[HoKo]

I don't see it there either

Ok, then maybe it's due to what @Euclid was mentioning

[Shaya E]

Just to clarify, they always show you what your value would be if you withdraw it right then. Therefore, they show it to you with a 3 month penalty already factored in. After 5 years it would add those 3 months back.

[good sam]

Just to clarify, they always show you what your value would be if you withdraw it right then. Therefore, they show it to you with a 3 month penalty already factored in. After 5 years it would add those 3 months back.

So you can't collect the interest until you redeem the bond?

[lifetimedeals]

Anyone have used and had any experience with Pacific Western Bank? For some reason there is no contact phone number on their website.

[Yo ssi]

Are treasury bills still the way to go for short term?

[DealJew]

Which 12 month CD's offer the highest interest currently. Looking to put in $10K

[Yo ssi]

Which 12 month CD's offer the highest interest currently. Looking to put in $10K

https://www.doctorofcredit.com/high-interest-savings-to-get/#Best_CD_Rates

[MoYS]

Which 12 month CD's offer the highest interest currently. Looking to put in $10K

https://www.doctorofcredit.com/high-interest-savings-to-get/#Best_CD_Rates

I'm not sure what Merchants Bank is but on my investment platform I see 5.45 from Chase which would be the next best.

[ExGingi]

I'm not sure what Merchants Bank is but on my investment platform I see 5.45 from Chase which would be the next best.

Merchant bank CD is tied to prime rate. So while you might lock your money for 12 months, your rate isn't locked. It can move up or down whenever the fed changes rates.

I saw the Chase CD on Schwab today. It's callable (in September). I purchased for a small amount, figuring it's better than money market paying 5%

[lifetimedeals]

https://www.doctorofcredit.com/high-interest-savings-to-get/#Best_CD_Rates

Any bank is good on list even some that I never heard of?

[incendia]

Any bank is good on list even some that I never heard of?

DoC is a pretty reliable source but double check that is federally insured and you'll be ok up to $250k

[AsherO]

Merchant bank CD is tied to prime rate. So while you might lock your money for 12 months, your rate isn't locked. It can move up or down whenever the fed changes rates.

I saw the Chase CD on Schwab today. It's callable (in September). I purchased for a small amount, figuring it's better than money market paying 5%

Pretty twisted to lock your money in on a variable rate, especially since it’s more likely to go down than up in the next 12 months.

[HoKo]

Any bank is good on list even some that I never heard of?

As a general rule you should always be doing your own due diligence regardless of what some blogger on the internet says. At the end of the day it's YOUR money so you need to take reasonable steps to protect yourself and make smart decisions.

That being said, DoC is a pretty good / ethical resource, so it's a good starting point.

[MoYS]

Pretty twisted to lock your money in on a variable rate, especially since it’s more likely to go down than up in the next 12 months.

Agreed.
Its worth mentioning that currently the vanguard money market fund is at just above 5%, so its an easy place to keep money for now (if you have a vanguard account) if you dont want to lock it up.

[Shmulie]

especially since it’s more likely to go down than up in the next 12 months.

Why do you say that? Didn't the fed say they expect to raise rates twice more this year?

[Joe4007]

Why do you say that? Didn't the fed say they expect to raise rates twice more this year?

Sort of, although the market disagrees.

[lifetimedeals]

DoC is a pretty reliable source but double check that is federally insured and you'll be ok up to $250k

So even a bank that's not on this list can be good as long as it's FDIC insured?